Review Comments | 06.22.09

• Swiss Report First Appeals Filed in UBS Tax Case – Two scofflaws from the pool of 500 want to talk this over some rocky nougat. [NYT]
• The Top Recession Lesson for 2010 – Plus, there’s a countdown clock to 4/15/10 already. [CPA Trendlines]
• Are We Asking for Future Problems? – “There are some wonderful masters programs in accounting. There are many, though, that don’t provide sufficient value for the extra buck being charged.” [The Summa]
• Tax Court Finds Thighmaster’s Tax Shelter Flabby – “[F]irm thighs only get you so far in Tax Court.” GTK. [Tax Update Blog]
• Fidelity fires four for playing fantasy football – You’ve been warned. [Star-Telegram]

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• It’s Official…Accountants are Normal – This woman is looking for an accountant. This could be you. Okay, probably not. [Accounting Nation]
• Postal Clerk Admits $600,000 Stamp Theft – Beats the hell out of using an AK on the co-workers isn’t it? [WP]
• Madoff Feeder Will Auction Assets “Tremont Group Holdings Inc., which lost more than $3 billion in client assets through investments with Ponzi mastermind Bernard Madoff, has reached a deal to auction off the bulk of its remaining hedge-fund assets.” [WSJ]
• RIP, Colonial Bank, and good luck BB&T [JDA]
• Auditor Independence: Will “Crisis” Cause Compromise? [Re: The Auditors]

• How big of a problem is cybertheft from banks? – One thing is for sure, everyone is lying. [Felix Salmon]
• IRS Has 70% Error Rate in Issuance of Taxpayer ID Numbers, Resulting in Fraudulent Tax Refunds – Seems about right. [TaxProf Blog]
• U.S. retailers open past midnight in holiday push – One strategy…[Reuters]
• Yahoo to shut down for a week to cut costs – …and another. [Los Angeles Times]
• That’s it for us today. Travel plans and all. We’ll be back tomorrow to get you through your half day. In the meantime, occupy yourselves with this: